Big news overnight, Bauna deal terms very likely to be revised, page-40

Those who believe a cash return will happen if the deal falls apart are having themselves on.
None of the US$600m from Origin was returned to shareholders and it was gradually whittled down over many years.
Another example is FAR where the raised cash from shareholders for their development but finance fell through but kept the shareholder raise.
FAR are now in default and unless they find a buyer will lose the lot.
KAR's track record is quite abysmal and the SP attests to that.
A deal on reduced terms for Bauna would be more preferable than no deal as SOI have doubled and finding another asset to buy could take another 5 years going on this companies track record.